{"id":6817,"date":"2017-12-18T20:30:23","date_gmt":"2017-12-18T20:30:23","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2017\/12\/18\/spotify-tencent-and-tencent-music-entertainment-announce-equity-investments\/"},"modified":"2017-12-18T20:30:23","modified_gmt":"2017-12-18T20:30:23","slug":"spotify-tencent-and-tencent-music-entertainment-announce-equity-investments","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2017\/12\/18\/spotify-tencent-and-tencent-music-entertainment-announce-equity-investments\/","title":{"rendered":"Spotify, Tencent And Tencent Music Entertainment Announce Equity Investments"},"content":{"rendered":"<p><span class=\"normal\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scontent.fath2-1.fna.fbcdn.net\/v\/t1.0-0\/p200x200\/486283_10151377337897496_1273988057_n.png?oh=74bbd80c83e4c0105d861d311816a840&amp;oe=5AD0A9DE\" border=\"0\" width=\"199\" height=\"199\" \/><br \/><\/span><\/p>\n<p><span class=\"normal\">Spotify, Tencent Holdings Limited and its  subsidiary Tencent Music Entertainment Group jointly announce equity  investments, strengthening relationships between the two most popular  music streaming platforms in the world.  <!--more-->  TME and Spotify will acquire new shares representing minority equity  stakes in each other for cash. In addition, Tencent will invest in  Spotify through secondary purchases. Following these transactions,  Spotify will hold a minority stake in TME, and both Tencent and TME will  hold minority stakes in Spotify.<\/p>\n<p> Spotify operates the world&#8217;s largest music streaming service. Tencent,  which owns a majority stake in TME, operates the most popular social  platforms in China and has a proven record of investing in innovative  technology companies. TME is an early mover in authorized digital music  and is the largest online music services company in China. It provides a  rich catalogue of digital music services including streaming, online  live broadcasts and karaoke, serving hundreds of millions of users.<\/p>\n<p> Daniel Ek, CEO and Founder, Spotify, said, &#8220;Spotify and Tencent Music  Entertainment see significant opportunities in the global music  streaming market for all our users, artists, music and business  partners. This transaction will allow both companies to benefit from the  global growth of music streaming.&#8221;<\/p>\n<p> Cussion Pang, CEO of TME, said: &#8220;We are excited to embark on this  partnership with the largest music streaming platform in the world. TME  and Spotify will work together to explore collaboration opportunities,  with a common objective to foster a vibrant music ecosystem that  benefits users, artists and content owners.&#8221;<\/p>\n<p> Martin Lau, President at Tencent, said: &#8220;We are delighted to facilitate  this strategic collaboration between the two largest digital music  platforms in the world. Both of us share the same commitment to bringing  music and superior entertainment experiences to music lovers, and to  expanding the global digital music market for artists and content  partners.&#8221;<\/span><\/p>\n<p><span class=\"normal\"><br \/><\/span><\/p>\n<p><span class=\"normal\">Source: <\/span><span class=\"normal\"><span class=\"normal\">Tencent Music Entertainment Group<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotify, Tencent Holdings Limited and its subsidiary Tencent Music Entertainment Group jointly announce equity investments,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-6817","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/6817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=6817"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/6817\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=6817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=6817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=6817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}